Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1887-07-10

E
The Nsx Yovk Herald q rsrari
date SAYS Ia C1zillo remarks -Pros
vs-stys ths Ts-y bood q lore. AID the
~prospsrltv * fhs country II r~rsss-i II
ascouu1assd with afseEnz Ct z11zA
xsod vii and a cAes-fzl coa55zDcs Z
TIE futz-s which appears - psrsS3s
every ssct5c7-
LAbor Is a71st universally employed.
so5 l. Il zosf -I1EtRoces -esssFzzE iE-
conpe2Asoa. M2zzfscsErz1E o1Es.-Ses
are On 3 healthy bass. as P~ro37r171 las
not besz forced n Edrseos q c31s1zr
ton Ns~ regions are bang sPaoea Up
By railway es1st-1ca01, Dsw n1oas E-s
bas1g sxEaassi Ea5 FEr1ons o.5sr soz-css
Of n..8sal wealth. are hang 5sE&9rsd
with the skill al sosrEy characteristics
of fbs ArserlsH1 re0rls-
Trade Er the moment l. Saist Is Is
nEtzrzl At thSs u5iszr1= sso1kszking
ss2saz; bit tie prospects su- > prozlhs
Fail business are uos6lE2y COCA Ine
csndaon q tie crops promises ; c11-
timed abundance ct ebssP fosa tor the
rs0gse, 3 faes which. despite tds Adrs-ss
theories CT specalaso-z. cAnDos De r.
ga-3sd a. anything sh9-i q Ea11oR
blessing. The cs-n and oosson grips I'D
fair 70 be anu1g the largest eFE gath
- - - - -- uLax-
yield are scarcely less socozrAE1E- We
shall have > handsome s1rp1EE 30 SCI o-r
frls1is across shs ssa
In order. however, % keep fns TEEf
machinery O: TIE csznt-y raining freely
there Eas. De 3 szEssszt supply CT
labr5casing Oh II shs form d Doasy, and
II the United S-sses Treasury goes CT
absorbing TINS tbe-s Is sire 70 Be zo-s
or less creaking and fnr.5oa AID rstxrds-
afioa Of the machinery. Probably rof
more than sK nlllo1 dollars cash vii
IN al be released ircn the GoseDDez5
vaults by the bga5dssion of the nineteen
millions ot thrss ps- en- boo3s which
begins today. The greater po-tlo1 Of
these are oa deposit By banks n sec1nty
for clrczlassoa, and the banks VIII re-
esive from The Treasury checks FOX ten
per cent only OF the par Of their boods,
the other ninety per csas bang retained
20 retire TIE o~utstaoding notes Of TIE
banks. The Government, however, has
power 70 rssurn the Surplus 10 the chan
nels Of trade IN any ons of several Ways,
and may Be trusted 20 exercise that
poxer when the Conditions become in
perative.
The shock just experienced in Wall
street has had scarcely any effect through
oat the country, except 70 supply = topae
Of discussion. This demonstrates the
correctness Of our statement, itsrated
for many weeks before the break, that
the earrens stock speculation vas narrow
and artificial. Manhattan stock nust
sooner or later have been reduced fron
the prosperous figures at which il Was 50
long held by artihes. bat the savage O.
slzught OF Gould and Sage upon the
market carried loss and woe TO = host OF
sangaine traders carrying Other stocks
IN margins. Gould has long been try
ing to cur the listing Of his stocks
upon the London Exchange. His efforts
have been unsuccessful, and last Friday
decline of twenty-five million dollars in
his three leading stocks in : single hour
is not likely to inspire the Englishmen
with confidence in his methods.
But, leaving the ethics of the "erac7
aside. there is no doubt that the forced
liquidation Of weak holders of stocks
following the collapse of the pools in
coffee and wheat has TO . certain extent
restored speculative and commercial con-
ditions to equilibrium. The catastrophe
that has oyertaken those engaged in
arbitrarily advancing the prices of the
commodities in question demonstrates
the power Of natural laws TO punish the
organizers OF corners"